Question

Stargaze Zone is an IBC NFT launchpad and marketplace, and new launchpad projects drop on mint every Friday at 4:00 PM EST.

• Does the volume of swaps involving Stars change around this time?

• Analyze the volume of swaps involving STARS from March 20th until present.

Introduction

Stargaze

Stargaze is a decentralized and community-owned network for NFTs. It is built as an app-specific Cosmos Proof-of_stake chain, running the Tendermint consensus engine. It’s goal is to be similar to OpenSea, except governed by a community via a curation DAO and a protocol DAO.

Stargaze will allow users to buy, sell, and trade NFTs. It will also allow trading NFTs across other IBC-enabled chains. It will also interoperate with Ethereum over Gravity Bridge.

STARS is the native staking token that is used for:

• Fees for processing transactions and storing data Running validator nodes on the network via staking STARS tokens Voting in governance for protocol upgrades and parameter changes Voting in the DAO to curate NFTs and fund creators Mint and bid on NFTs

Stargaze tools include:

• Stargaze node software to run validators, full nodes, and perform command-line operations

Data Analysis

The chart below shows the daily STARS swap volume. This chart also, shows the selling volume and the daily buying volume of STARS.

• According to the chart below, on April 2 and May 11, the volume of swaps has increased significantly.
• One of the reasons for the increase in swap volume for the STARS currency on April 2 could be the minting of the bbychoadz and stargazemfers collections.
• The reason for the increase in swap volume on May 11 was the crash in the crypto market.

The chart below also shows the collections that were offered for minting on Fridays. This diagram clearly shows the effect of minting different collections on swap volume.

All the collections marked in the chart above are listed below:

• Mar 25, AlphaCentaurians/ Bored Puzzles/ IBC PFP Club/ The WadSquad

• Apr 1, bbychoadz/ stargazemfers/ Shnubbles/ Multi Scape

  • The day after the mint of these collections, the volume of STARS swaps increased significantly.

• Apr 8, Cosmo Voyagers/ Cosmic Horizon

• Apr 15, Andromaverse/ ANYO p.1

  • NFT mints from these collections increased the swap volume on April 15th.

• Apr 22, Stargazers/ Re Pop

• Apr 29, Star Equinox/ War Cats

  • The NFTs of the Star Equinox collection were sold out on this day, and this could be the reason for the increase in swap volume on this day.

• May 6, NOTs NFTs/ Noni

• May 13, OG Starz Club/ ANYO p.2

• May 20, Multi Scape/ Bean Stars

  • The minting of NFTs in these collections has caused a jump in the chart on this date.

• May 27, Sky Monks NFT/ Cosmos Art Home

The NFTs of some of these collections are fully minted and some still have unminted NFTs.

Other statistical data that can be extracted from the above chart are:

• The maximum and minimum swap volumes are shown on the chart.

• Average daily swap volume from March 20 onwards: 3,389,103 STARS

• Total swap volume from March 20 onwards: 161,331,543 STARS

• The general trend of the swap volume chart has been upward since April 24.

Appendix

NFT Projects twitter:

• Cosmos Art Home
  • https://twitter.com/cosmosarthome
• Sky Monks NFT
  • https://twitter.com/SkyMonkNFT
• MultiScape
  • https://twitter.com/0xMultiScape
• Bean Stars
  • https://twitter.com/bean_stars
• ANYO
  • https://twitter.com/ANYO_nft
• OG Starz Club
  • https://twitter.com/OG_Starz_Club
• Noni
  • https://twitter.com/Chonkinmatz
• NOTs NFTs
  • https://twitter.com/NotsNfts
• War Cats
  • https://twitter.com/war_cat_army
• Star Equinox
  • https://twitter.com/StarEquinoxx
• RePop
  • https://twitter.com/lahlinave
• Stargazers NFTs
  • https://twitter.com/StargazersNFTs
• Andromaverse
  • https://twitter.com/Andromaverse
• Cosmic Horizon
  • https://twitter.com/CoHo_Cosmos
• Cosmo Voyagers
  • https://twitter.com/CosmoVoyagers
• Shnubbles
  • https://twitter.com/shnubbels
• stargazemfers
  • https://twitter.com/stargazemfers
• bbychoadz
  • https://twitter.com/starchoadz
• The WadSquad
  • https://twitter.com/TheWadSquad_io
• IBC PFP Club
  • https://twitter.com/IBCBabyapes
• Bored Puzzles
  • https://twitter.com/BoredPuzzles
• AlphaCentaurians
  • https://twitter.com/ACentaurians

The chart below shows the STARS selling volume along with some statistical data.

The average selling volume on Fridays is equal to 3.8M STARS. This is while the average selling volume in the other days is 3.3M STARS.

Examining the graph related to sales percentage and STARS purchase percentage, it can be seen that the purchase percentage is gradually increasing.

The chart below shows the STARS buying volume along with some statistical data.

The average buying volume on Fridays is equal to 3.2M STARS. This is while the average buying volume in the other days is 2.8M STARS.

Result

💡The average buying volume and selling volume on Fridays is more than other days.

💡The volume of STARS swaps has been gradually increasing since March 20.

💡NFT mints increase the volume of STARS swaps on many Fridays.